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New York's top court overturned the 2020 sex crimes conviction against movie mogul Harvey Weinstein. The court said the trial made an error by allowing accusers who weren't a part of the complaint to testify. AdvertisementHarvey Weinstein's sex crimes conviction was overturned Thursday by the New York Court of Appeals, which found that he hadn't gotten a fair trial. In its 4-3 decision, the appeals court found Weinstein's trial judge had erred in allowing accusers who were not listed as a part of the criminal charges against him to testify about their own experiences. This story is available exclusively to Business Insider subscribers.
Persons: Harvey Weinstein, , Harvey, hadn't Organizations: Service, New, Appeals, Business Locations: Manhattan
Bernstein's Stacy Rasgon previews Intel shares ahead of earnings
  + stars: | 2024-04-25 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Stacy Rasgon previews Intel shares ahead of earningsStacy Rasgon, Bernstein Research, joins 'Closing Bell' to discus two big semiconductor stocks Nvidia and Intel, which reports its earnings after the bell.
Persons: Bernstein's Stacy Rasgon, Stacy Rasgon Organizations: Bernstein Research, Nvidia, Intel
Former film producer Harvey Weinstein appears in court at the Clara Shortridge Foltz Criminal Justice Center in Los Angeles, California, October 4, 2022. Harvey Weinstein's 2020 rape conviction was overturned Thursday in New York, making way for a new trial. The court called the errors "egregious" and ordered a new trial, meaning his accusers could again be called to testify. "This Court has continued a disturbing trend of overturning juries' guilty verdicts in cases involving sexual violence," Singas wrote. The charges came to light in 2017 following investigative reports published by The New York Times and The New Yorker.
Persons: Harvey Weinstein, Clara Shortridge Foltz, Harvey Weinstein's, uncharged, Madeline Singas, Singas, Juda, Weinstein, Engelmayer Organizations: Clara Shortridge Foltz Criminal, Center, Appeals, NBC News, The New York Times, Yorker Locations: Los Angeles , California, New York, California, Los Angeles
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla skepticism remains centered on potential new models, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein, joins 'Squawk on the Street' to discuss what Sacconaghi would've liked to hear on Tesla's earnings call, the EV giant's full-self driving and robotaxi plans, and what happens in the next five to 10 years for Tesla.
Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi, Bernstein, Sacconaghi would've, Tesla Organizations: EV
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bernstein's Toni Sacconaghi on Tesla earningsToni Sacconaghi, Bernstein, joins 'Squawk on the Street' to discuss what Sacconaghi would've liked to hear on Tesla's earnings call, the EV giant's full-self driving and Robotaxi plans, and what happens in the next 5-10 years for Tesla.
Persons: Bernstein's Toni Sacconaghi, Toni Sacconaghi, Bernstein, Sacconaghi would've, Tesla Organizations: EV
Big technology earnings this week could offer a much-needed catalyst for a market under pressure. Last week, the S & P 500 and Nasdaq Composite notched their longest daily losing streaks since October 2022, with the broad index posting its worst week since March 2022. Big Tech's performance this week could set the tone for the rest of earnings season and revive the market momentum. Tesla Tesla launches the reporting period for the "Magnificent Seven" stocks, with results due out after the bell Tuesday. Meta Platforms Meta Platforms ' results are due out after the bell Wednesday.
Persons: Tesla, Elon Musk, John Murphy, Longtime Deutsche Bank Tesla, Emmanuel Rosner, Brent Thill, Bernstein, Mark Shmulik, Doug Anmuth, Justin Post, Goldman Sachs, Eric Sheridan, Jefferies, Bernstein's, Wells Fargo's Michael Turrin, Piper Sandler's Brent Bracelin, Kash Rangan, Brad Zelnick, OpenAI, Satya Nadella Organizations: Federal Reserve, Nasdaq, Tesla Tesla, Bank of America, Barclays, Longtime Deutsche Bank, Microsoft, Deutsche, NVIDIA Locations: China
In the middle of the afternoon, day will shift to night, as a total solar eclipse touches 15 states. We know now what causes a total solar eclipse. Here are seven times a total solar eclipse has helped advance human science. Culture Club/Bridgeman via Getty ImagesOn March 14, 189 BCE, a total solar eclipse swept over what is now northern Turkey. Corbis via Getty ImagesGemini 12 astronauts Jim Lovell and Buzz Aldrin were the first humans to see a total eclipse from space.
Persons: , China's emporer, Edmond Halley, De, Anaxagoras, Hipparchus, Nicaea, Edmond, Halley, Isaac Newton's, Norman Lockyer, Pierre Jules César Janssen, Janssen, Lockyer, James Craig Watson, Vulcan, Albert Einstein, Einstein, Corbis, Jim Lovell, Buzz Aldrin Organizations: Service, Business, Getty, Alexandria . Culture Club, Bridgeman, Science, Society Picture Library, Sun, Mercury, Wallops, Smithsonian Magazine, NASA Locations: Ireland, China, Alexandria, Turkey, Egypt, England, India, French, Guntur, Brazil, Principe, Africa, Virginia, Peru
Why did billionaire Leon Black pay Jeffrey Epstein $158 million for estate-planning advice? Black has an answer: He wasn't keeping track of it; $158 million doesn't mean much to him. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Or, at least, that's what financier Leon Black says about his relationship with disgraced pedophile Jeffrey Epstein. This story is available exclusively to Business Insider subscribers.
Persons: Leon Black, Jeffrey Epstein, Black, , Black's, Epstein Organizations: Service, Business
Netflix's drama "Scoop" looks at how the "Newsnight" team interviewed Prince Andrew in 2019. In that interview, the prince addressed allegations that he had sex with Virginia Roberts Giuffre. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The prince settled with Giuffre in early 2022, reportedly paying her $16 million, according to The Telegraph.
Persons: Prince Andrew, Virginia Roberts, , Prince Andrew's, Jeffrey Epstein, Virginia Roberts Giuffre, Rufus Sewell, Andrew, Gillian Anderson, Emily Maitlis, Sam McAlister, Billie Piper, Esme Wren, Giuffre, Epstein, Duke, York, isn't, Dini von Mueffling, Robert Giuffre, Ghislaine Maxwell, They're Organizations: Newsnight, Service, Buckingham Palace, The Telegraph, WA Locations: Buckingham, Giuffre, Western Australia, Perth
New data from the largest 3-D map of our universe suggests we may be wrong about dark energy. One of the driving forces behind that evolution is also one of our age's biggest mysteries in physics: dark energy. Einstein abandoned the idea as his "greatest blunder" in the 1930s, as astrophysicist Ethan Siegal explains, but a constant dark energy would have vindicated him. "If true, it would be the first real clue we have gotten about the nature of dark energy in 25 years," Adam Riess, a Nobel laureate for his co-discovery of dark energy, told Quanta Magazine. "The idea that dark energy is varying is very natural," Paul Steinhardt, a Princeton University cosmologist, told the magazine.
Persons: , we're, Michael Levi, Levi, DESI, Marenfeld, Claire Lamman, Albert Einstein's, Einstein, Ethan Siegal, Albert Einstein, Ernst Haas, Adam Riess, Paul Steinhardt, Princeton University cosmologist, Riess, Vera C, Travis Lange, Jacqueline Ramseyer Orrell, NASA's Nancy Grace, Arnaud de Mattia, Mattia Organizations: Service, Lawrence Berkeley National Laboratory, American Physical Society, Princeton University, NASA, Rubin, Accelerator, Atomic Energy Commission Locations: Arizona, Princeton , New Jersey
Yaron Goldstein retired at 36, following a successful career as a data scientist. AdvertisementYaron Goldstein retired at 36, around 10 years after he first started working. His career as a data scientist took him from consulting to tech giants such as Google and Meta. Goldstein told Business Insider that he found two money strategies that worked for him. This story is available exclusively to Business Insider subscribers.
Persons: Yaron Goldstein, Goldstein, Organizations: Service, Google, Meta, Business
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings growth will continue to be a windfall for investors, says Richard Bernstein's Dan SuzukiDan Suzuki, Richard Bernstein Advisors deputy CIO, joins 'Power Lunch' to discuss the state of the market and earnings.
Persons: Richard Bernstein's Dan Suzuki Dan Suzuki, Richard Bernstein
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Doug Harned breaks down Boeing's outlook after Calhoun exitDoug Harned, Bernstein Aerospace & Defense Analyst, joins 'Closing Bell: Overtime' to discuss Boeing's CEO stepping down and what it means for the company's stock.
Persons: Doug Harned, Calhoun Organizations: Bernstein Aerospace, Defense
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOverall impact of China's potential chip ban won't be that big, says Bernstein's Stacy RasgonStacy Rasgon, Bernstein semiconductor analyst, joins 'Power Lunch' to discuss why Rasgon has kept his forecasts the same for Intel and AMD, whether the potential chip ban could escalate trade tensions, and more.
Persons: Bernstein's Stacy Rasgon Stacy Rasgon, Bernstein, Rasgon Organizations: Intel, AMD
Search versus SGESince December, Business Insider has plugged the same queries into Google's traditional search engine and its generative AI version to see how information is presented differently. Mark Mahaney, a top internet analyst at ISI Evercore, has been testing SGE alongside generative AI rivals like Perplexity and OpenAI's ChatGPT. Ray has spotted answers in SGE results that are not sourced from websites that rank in the top 100 positions for that query in traditional Search results. Neither query produced any sort of generative AI response — although a search for "common cold" did. They've already got billions of people using Chrome and using Google search," Shmulik told BI.
Persons: It's, Mark Mahaney, Mahaney, SGE, Adweek, Alan Antin, Google's SGE, Gaga's, Gaga, Tiffany, Kali Hays, Google's, Sundar Pichai, Lily Ray, Ray, Mark Shmulik, Bernstein, Susan Orlean, Evercore's Mahoney, we're, Bernstein's, Shmulik, he's, ChatGPT Organizations: Google, Business, Microsoft, Gartner, ISI, New York Magazine, BI, GitHub, LinkedIn, SGE, Bing Locations: SGE, OpenAI
Goldman Sachs Goldman Sachs' Toshiya Hari joined a handful of analysts turning more bullish on the chipmaker following the keynote event, boosting the firm's price target to $1,000 from $875. Wells Fargo Wells Fargo analyst Aaron Rakers said Nvidia didn't shock investors with any unexpected updates, but he still raised his price target to $970 from $840. Sur retained his overweight rating and $850 price target. The analyst retained his $1,100 price target and buy rating, citing the company's ongoing leadership within the AI value chain. The analyst retained his outperform rating and $1,000 price target, calling the company's ongoing expansion beyond chips "unmatched."
Persons: Jensen, Blackwell, Hopper, Huang, Morgan Stanley, Joseph Moore, Goldman Sachs Goldman Sachs, Toshiya Hari, Hari, bode, Aaron Rakers, NVDA, Morgan Stanley Morgan Stanley's Joseph Moore, Moore, Harlan Sur, Sur, Bank of America's Vivek Arya, Bernstein, Bernstein's Stacy Rasgon, Taylor Swift Organizations: Nvidia, Wall, Blackwell, Micron Technology, JPMorgan, NVIDIA, Bank of America, Bank of America's, SAP Center Locations: 2H24, Wells Fargo Wells Fargo, San Jose
Mizuho initiated Home Depot with a buy rating, calling for roughly 10% upside. The bank upgraded shares of the industrial equipment manufacturer to a buy rating. Analyst Manav Gupta also lifted his price target to $170 from his prior target of $152. Analyst Gavin Parsons reiterated his buy rating on the stock and price target of $275. The bank initiated coverage of the home improvement stock at a buy rating, setting a price target of $415.
Persons: Mizuho, Manav Gupta, Howden, Gupta, GTLS, — Lisa Kailai Han, Gavin Parsons, Parsons, Fred Imbert, David Bellinger, Bellinger, Wells Fargo, Aaron Rakers, Goldman Sachs, Toshiya Hari, Bernstein's Stacy Rasgon, Taylor Swift, Jensen, Huang Organizations: CNBC, UBS, Boeing, Nvidia, Industries, YE2026E, Department of Energy, Alaska Airlines, Mizuho, SAP Center, Blackwell, ~$ Locations: Howden, GTLS, Mizuho, San Jose
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview"Scoop," Netflix's upcoming drama about Prince Andrew's infamous "Newsnight" interview, offers up new "perspectives" about the royal's links to the late convicted sex offender Jeffrey Epstein, actor Rufus Sewell said. The interview that followed with Emily Maitlis was dubbed a "car crash" by many and did little to clear his name. Peter Mountain/NetflixBut Sewell said he didn't accept the role until he had "worked on it on my own for a little while." Rufus Sewell transforms into Prince Andrew in the upcoming Netflix film, "Scoop."
Persons: , Prince Andrew's, Jeffrey Epstein, Rufus Sewell, Duke, York, Epstein, Emily Maitlis, Sewell, Jeffrey Epstein's, Sam McAlister, hadn't, Billie Piper, McAlister, Peter, didn't, Andrew, Prince Andrew, Gillian Anderson, Virginia Giuffre, Queen Elizabeth II Organizations: Service, Business, Netflix, BBC, Hollywood Reporter, YouTube, Virginia Locations: London, Buckingham, Andrew
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with DCLA's Sarat Sethi and Bernstein's Toni SacconaghiSarat Sethi, DCLA managing partner and portfolio manager, and Toni Sacconaghi, Bernstein senior analyst, join 'Power Lunch' to discuss Apple and Tesla as both companies' stocks have not been performing well.
Persons: DCLA's Sarat Sethi, Bernstein's Toni Sacconaghi Sarat Sethi, DCLA, Toni Sacconaghi, Bernstein Organizations: Apple
The hottest artificial intelligence event of the year kicks off next week, setting the stage for key AI players to see sharp moves. Nvidia's GTC Conference, dubbed "AI Woodstock" by Bank of America, offers an opportunity for the company to showcase its latest AI chip innovations and future vision as it labors to maintain its dominance in the field. The product is expected to offer a slew of "architectural innovations" and better performance than Nvidia's flagship H100 chip, wrote New Street's Pierre Ferragu. According to Wedbush's Matt Bryson, the new chip could benefit the liquid cooling industry that may fuel power-hungry data centers. "As such, we believe any system NVDA announces that includes liquid cooling technology could effectively dictate the path of liquid cooling moving forwards and thereby determining winners and losers in the server and cooling space," Bryson said.
Persons: Cantor Fitzgerald's C.J, Bank of America's Arya, Muse, Arya, Pierre Ferragu, Blackwell, Matt Bryson, Nvidia hasn't, Bryson, He's, Ferragu, Hans Mosesmann, Bernstein's Stacy Rasgon, Melius Research's Ben Reitzes Organizations: Bank of America, NVIDIA, Nvidia, Bank of America's, Blackwell, Devices, AMD, Intel, Micron, Broadcom, PHLX Semiconductor, Oracle Locations: San Jose , California
Kent Nishimura | Getty Images News | Getty ImagesWest Palm Beach, Fla. — The U.S. Federal Reserve is likely to start cutting interest rates by the end of second quarter despite recent "hotter than expected" inflation data, according to Kristina Hooper, chief global market strategist at Invesco. The question has become, at what point — and how quickly — does the central bank start to cut rates in order to avoid plunging the economy into a downturn? Fed chair Jerome Powell said last week that the Fed may not be far off from throttling back. The Fed last raised interest rates in summer 2023; in prior interest-rate-hiking cycles, the Fed began cutting rates about 8½ months later, Hooper said. Jenny Johnson, president and CEO of Franklin Templeton, also expects the central bank to begin cutting rates this year, though in the second half of 2024 at Fed policy meetings in July or September.
Persons: Jerome Powell, Kent Nishimura, Kristina Hooper, it's, Hooper, Jenny Johnson, Franklin Templeton, Moira McLachlan Organizations: Banking, Housing, Urban Affairs Committee, Getty, U.S . Federal, Women, Fed Locations: Palm Beach, Fla, U.S, West Palm Beach , Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect the crypto market to triple from here to $7.5 trillion, says Bernstein's Gautam ChhuganiGautam Chhugani, Bernstein analyst, joins 'Money Movers' to discuss what needs to change for Robinhood's stock to get to $30, why the crypto market will triple in the near-term, and much more.
Persons: Bernstein's Gautam Chhugani Gautam Chhugani, Bernstein
Video of former President Donald Trump and President Joe Biden is played during a hearing by the Select Committee to Investigate the January 6th Attack on the U.S. Capitol on June 13, 2022 in Washington. WEST PALM BEACH, Fla. — Investors' emotions may run high in 2024, especially in the realm of politics as President Joe Biden and former President Donald Trump are poised for a rematch in this year's presidential election. "Politics have become increasingly more emotional," Moira McLachlan, senior investment strategist in AllianceBernstein's wealth strategies group, said Wednesday at Financial Advisor Magazine's Invest in Women conference in West Palm Beach, Florida. However, investors should avoid knee-jerk reactions by setting and sticking to an investment plan, strategists said. "It's so important to stay invested, and you have to try to take the emotion out of investing" to keep from doing something "detrimental" to your goals, said Kristina Hooper, chief global market strategist at Invesco.
Persons: Donald Trump, Joe Biden, Moira McLachlan, Magazine's, Kristina Hooper Organizations: U.S, Capitol, WEST, Magazine's Invest, Women Locations: Washington, BEACH, Fla, West Palm Beach , Florida
Ghislaine Maxwell's lawyers are arguing for her release in a federal appeals court. The appeal focuses on a non-prosecution agreement between Jeffrey Epstein and federal prosecutors. A jury in Manhattan federal court found Maxwell guilty on sex-trafficking charges in December 2021, four days after her 60th birthday that Christmas. Alison Nathan, the judge who oversaw Maxwell's trial, sentenced her to 20 years in prison and issued a $750,000 fine. AdvertisementManhattan federal prosecutors have argued they were free from any restrictions set by the deal between Florida's federal prosecutors and Epstein.
Persons: Ghislaine, Jeffrey Epstein, Maxwell, , Ghislaine Maxwell —, Epstein, Alison Nathan, Nathan, Maxwell weaponized, Epstein —, isn't, Jeffrey Epstein's, Harvey, Rudy Giuliani, John M, Leventhal, Diana Fabi Samson, Maurene Comey, missteps, Scott David, Ghislaine Maxwell, Laura Menninger, Jane, Jane Rosenberg, Joe Biden, Cuban, Virginia Giuffre, JP Morgan Chase, Carolyn Andriano Organizations: Service, disbarment, Justice Department, US Department of Justice, Reuters, US, Appeals, ricochet, Deutsche Bank, US Virgin Islands, Prosecutors Locations: Manhattan, Tallahassee , Florida, New York, Florida, United States, Washington, US Virgin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Bernstein's Stacy Rasgon and Solus' Dan GreenhausStacy Rasgon, Bernstein semiconductor analyst, and Dan Greenhaus, Solus Alternative Asset Management chief strategist, join 'Closing Bell' to discuss the chipmakers being down, the bifurcation of the 'Mag 7', and what it all means for the sector.
Persons: Bernstein's Stacy Rasgon, Solus, Dan Greenhaus Stacy Rasgon, Bernstein, Dan Greenhaus Organizations: Asset Management
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